Introducing YuzuSwap: The Decentralized Exchange on Oasis Emerald

YuzuSwap is an innovative decentralized exchange operating on the Oasis Emerald paratime. It offers a range of incentives such as liquidity and trade mining to users. Built on a non-custodial, peer-to-peer, automated-market-maker model, YuzuSwap aims to provide a secure, efficient, and cost-effective solution for discovering and swapping tokens within the Oasis ecosystem. Developers and members of the Yuzu DAO have full access to the YuzuSwap platform.

Key Features of YuzuSwap

Fair Launch: YuzuSwap had a fair launch with no pre-mined tokens. All tokens are generated block by block from the genesis, including those allocated to the team, foundation, and investors. The number of tokens mined per block will halve each year.

Trade Once, Mine Forever: YuzuSwap introduces a unique trade mining mechanism based on TPST (trading pool share token). Users who engage in incentivized trading pairs receive TPST, which serves as evidence of their trading activity. With each block, users are entitled to trade mining rewards based on their TPST balance. If users choose not to claim their rewards, the TPST balance will continue to accumulate and mine until the rewards are claimed, at which point the TPST balance resets to zero.

Buyback: YuzuSwap utilizes a buyback smart contract that allocates 80% of the transaction fees to the purchase of YUZU tokens. If the price of YUZU drops below the 72-hour average, the buyback action is triggered. This mechanism ensures a healthier price for the YUZU token as transaction fees accumulate.

DAO Vault: The remaining 20% of transaction fees collected by YuzuSwap is directed to the DAO vault. YUZU token holders have the power to vote on how these funds will be utilized. Possible applications include incentivizing developers for tool development on YuzuSwap, co-investing in other projects on Oasis, and acquiring insurance for YuzuSwap.

Infinitely Extensible: YuzuSwap is highly versatile and can be seamlessly integrated into any project on Oasis. Users have the option to collateralize their LPT on the upcoming lending protocol and regain their liquidity. Additionally, users can borrow LPT from the lending protocol to mine YUZU tokens without concerns of impermanent loss. The DAO vault may also consider acquiring insurance for YuzuSwap pools, providing coverage in case of unforeseen events. Furthermore, promising projects on Oasis can seek funding through IDO/IFO on YuzuSwap, with the community voting on which projects go live and the allocation of mining pools to new tokens.

Tokenomics: The total supply of YUZU tokens is limited to 500 million. Of this supply, 70% will be mined from liquidity mining and trade mining pools block by block, while 10% will be allocated to the team, foundation, and early stage investors.